Dongwon Development guarantees KRW 63.6 billion debt for Newstar Daemyung First SPC loan

Bitget2026/09/28 08:51

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Dongwon Development’s board on Sept. 28, 2026 resolved to provide a joint and several debt guarantee for Newstar Daemyung First SPC.
Guarantee set at KRW 63.6 billion for a KRW 53 billion loan from Busan Bank and other lenders, equal to 120% coverage.
Guarantee period runs from Sept. 30, 2026 to Sept. 30, 2030, tied to expected loan drawdown and repayment dates.
Total outstanding debt guarantees, including this transaction, stand at KRW 199.2 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dongwon Development Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260928900544), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Dongwon Development guarantees KRW 63.6 billion debt for Newstar Daemyung First SPC loan

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